Noront Resources

High-grade Ni-Cu-Pt-Pd-Au-Ag-Rh-Cr-V discoveries in the "Ring of Fire" NI 43-101 Update (March 2011): 11.0 Mt @ 1.78% Ni, 0.98% Cu, 0.99 gpt Pt and 3.41 gpt Pd and 0.20 gpt Au (M&I) / 9.0 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inf.)

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Re: Nice Move, almost 35%

Noront Resources

almost 13 years ago

in response to Sum4All's message

Another point worth mentioning.

If the board of director's comes out in favor of a takeout, would it matter? If they all pledged their holdings to it, the total couldn't come to more than 1%.

Let's be realistic though. We are talking takeout of a SP that was .50 yesterday. If the buyout was 1.50, the fact is that means a 3 bagger. If it was 3.00, that means a 6 bagger. There was lots of discussion of .60 cents for SPQ ( my bet was .27), and we settled on .19. There were lots of complaints at the time, but I am still spending the gravy from that one and will be for a year or two yet.

Damn, I haven't felt this good since the first runup to .13 with SPQ, or to .30 with FWR.

Best regards